For Sale
$8,029,000

1 Center StProvo, UT 84606

Downtown Provo Office Portfolio: High Growth Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity encompasses a portfolio of five buildings totaling 27,415 square feet of traditional office space in Provo, Utah's vibrant downtown Central Business District. The assemblage sits on a 0.615-acre lot and includes three historic buildings: the Knight Block (21,950 rentable square feet), Gates-Snow (9,703 rentable square feet), and the former Allen Camera building (13,451 rentable square feet). The property also includes two additional lots offering significant future development potential. Built in 1900, this Class B property features three stories and offers immediate access to Utah's Center Street Station and convenient proximity to major I-15 exits. The asking price is $8,029,000, translating to $292.87 per square foot. This diverse property presents a unique opportunity for investors seeking a blend of established income and substantial future development upside in a prime downtown location. The existing buildings boast a diverse tenant mix, providing immediate cash flow. The additional land parcels provide the potential for expansion or redevelopment, capitalizing on the area's strong growth trajectory. This is a rare chance to acquire a significant piece of Provo's historic downtown core.

Highlights

  • $8,029,000 asking price for this Provo, Utah office portfolio.
  • 27,415 square feet of office space.
  • Class B office buildings totaling five structures, three stories high.
  • Located on a 0.615-acre lot in Provo's Central Business District.
  • $292.87 per square foot.

Property Details for 1 Center St

Property type
Office properties
Square Feet
27,415 SF
Class
B
Year Built
1900
Buildings
5
Stories
3

Location Insight

City
Provo
County
Utah
State
Utah
Latitude
40.2340991
Longitude
-111.658387
1 Center St, Provo, Utah

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1 Center St
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